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Showing 211 - 220 of 1561 results for "loans"

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... (18.2%). This is followed by complaints about deposit taking or payment systems (17.8%), housing finance (8.8%), consumer loans (8.7%), credit cards (7.6%), superannuation account administration (4.7%) and derivatives or hedging securities (3.3%). As ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... and New Zealand private debt. The specialist private debt manager focuses on generating stable income from senior secured loans, prioritising relative value across corporate leveraged loans, private asset backed securities, and real estate. Revolution ...

Regal names investment director

KARREN VERGARA  |  FRIDAY, 14 APR 2023
... in the recently launched private credit strategy, the Regal Private Credit Opportunities Fund. The fund invests in senior loans for small and medium-sized public and private companies in Australia and New Zealand, along with asset-backed loans and other ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... take all reasonable steps to ensure Endeavour complied with its compliance plan, obtained member approval for related party loans, or issued product disclosure statements that complied with law. They also failed to exercise care and diligence, and did ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... private debt deals in PRP Diagnostic Imaging (PRP) and The Entertainment and Education Group (TEEG). The senior secured loans form part of arrangements exceeding $1 billion in total facility size.

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... According to the Reserve Bank of Australia, small and medium enterprises are around twice as likely to default on their loans compared to mortgage customers and large corporations. Despite the narrowing spread between small and large business interest ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... sectors, in the UK and internationally," HSBC Group chief executive Noel Quinn explained. As of 10 March 2023, SVB UK had loans of around £5.5 billion and deposits of around £6.7 billion, said HSBC. For the financial year ending 31 December 2022, SVB ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... 2022 - the lowest level in 15 years. Secondly, Foresight found that non-banks have "extremely low exposure to fixed-rate loans". These will, however, be a concern for the wider mortgage industry in 2023 as a significant number of borrowers come off the ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... that the cost of doing so won't be borne by taxpayers. The Fed has created the Bank Term Funding Program (BTFP), offering loans of up to one year to depository institutions, taking certain securities as collateral. The Department of Treasury will make ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for loans. This included cleaners and real estate agents who referred customers to ANZ in return for an upfront commission. The proceedings ...